8/10, 2:58 PM (Source: TeleTrader)
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Euro jumps to one-month high against US dollar

The euro traded higher against the United States dollar on Wednesday, jumping to a high unseen since early July following the latest US inflation release. According to the report, prices rose less than predicted, with yearly inflation landing at 8.5%, compared to the forecast 8.7% and down from 9.1% in June. Meanwhile, German inflation was confirmed at 7.5% in July, with Norway and Czechia reporting a further rise in prices.

The euro traded 1.13% higher compared to the dollar, selling for 1.03321. Meanwhile, the pound gained 1.24% against the dollar and went for 1.22267.

Baha Breaking News (BBN) / DJ